Senior Economist – Pricing

Business Intelligence
United Arab Emirates 🇦🇪
October 2, 2023

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Job Description

  • Ensure economic advice and recommendations on setting of price controls and tariffs is aligned with key tenets of the energy sector – sustainability, security of supply and affordability; and confirm alignment to social, economic, and environmental objectives determined by the Abu Dhabi Government.
  • Contribute to the development of sector fees, customer tariffs, and support mechanisms according to the best practices and the Emirate of Abu Dhabi’s strategic objectives.
  • Establish connections with other government departments to ensure that the socioeconomic impact analysis of tariff/subsidy reform decisions is fully understood and accounted for in long-term reform plans.
  • Assist, manage and develop, on an ongoing basis, the review and approval process for the Bulk Supply Tariff (BST), Transmission Use of System (TUoS) charge and Distribution Use of System (DuoS) statements
  • Act as the economic affairs lead in all work related to demand forecasting, providing expert input, executing ad hoc orders, and quantitative analysis of customers as needed.
  • Prepare high-quality, accurate written reports on all relevant matters.
  • Provide advice on broader economic and regulatory issues affecting the sector.
  • Support the price control process including the review of OPEX/ex-ante and ex-post CAPEX; setting of Weighted Average Cost of Capital (WACC); identification and development of new incentives and Regulatory Instructions and Guidance (RIGs); tariff and subsidy development; review and approval of MAR and tariff information (MTI); and setting of ‘cost to serve’ e.g., metering.
  • Provide economic input into new capacity tendering, pricing and commercial terms for PWPA’s / PPAs.
  • Contribute to the establishment of economic and technical principles for asset valuation of mega developments.
  • As requested by the Economic Affairs Directorate, assist / participate in the leadership of economic projects and work streams.
  • Develop excellent working relationships across the company and in other key Departments such as the Department of Finance and the Department of Economic Development.
  • Promote and maintain a good image of the company, while conducting business in an ethical and professional manner.

Skills

  • Bachelor’s Degree in a relevant discipline, e.g., Economics, Economic Policy.
  • 3-5 years of experience in Economist and/or Regulatory roles in the utility sector.
  • Adequate knowledge of energy sector pricing and tariffs, including wholesale pricing, mechanisms for determining transmission and distribution charges for system use, retail tariffs for customers, pricing models for establishing a price control system, data analysis, and the tools used to determine prices.
  • Comprehensive knowledge of socio-economic analysis and associated tools and techniques.
  • Experience in energy sector regulation, including preparation of regulatory submissions, regulatory consultations, and regulatory responses.
  • Knowledge of the energy sector globally, regionally and in Abu Dhabi.
  • Good understanding of the strategic direction of the Abu Dhabi energy sector, the objectives for the sector, the strategic direction of the Department and requirements of key stakeholders.

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